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- nawlins51 replied Oct 10, 2011
Yes it does make a lot of sense. Especially the part about being close to the level twice but not hitting it makes it somewhat weaker. I also appreciate you showing me that chart with the green line. I have it marked so feel good about that. I would ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 10, 2011
Ok KL I see now buddy. So close. Also could you explain again to me what is a fresh zone? This is what I tend to confuse myself over. For example you can see to the left on some charts that an area is a 2nd touch already yet we mark it as a fresh ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 10, 2011
I appreciate the response and chart but have one more question . If a zone is too big, then why not drop to a lower timeframe and reduce your risk?
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 10, 2011
KL got a question. Why not the area I marked on your chart in the white box. Price came back to this area before taking off. Why set a PO on the above area. The white box is basically the H1. I am just curious as price would be more affected if it ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 10, 2011
Yes I like your explanation. I do want to say if it turns back south it will be at that supply zone. Is it an A+++ trade..no its not. I just truly believe the euro is picking up steam on hot air. Greece will default imo. Its imminent. All what is ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 10, 2011
I just posted a chart of what I believe are good zones. What you think?
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 10, 2011
Set a PO last night. Missed my take profit by 7 pips and ended up losing the trade. I went short. I figured this was the spot if it went back on the down trend it would do it. I was wrong. But still happy about picking the right zone. Just have to ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
1530 my time.got work tomorrow morning and NFP. Likely chat this weekend. Everybody have a good one this weekend.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
Buildcity put the H1 for you to see how I marked them also if you want to question some things.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
If you switch to H1 its nothing more than drop base rally. Your zone is huge but nonetheless it is a zone. My question is how is it risky. The time its consolidating is low volume. I am not trying to offend you in any way I am just trying to see how ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
You can use it. Its the EU M30 chart. Forgot to add the name of it on the chart. My reasons I have 2 highlighted areas is zones on top of zones. The reason I have both is because on H1 is you have a doji then price exploded north. The reason I have ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
Anybody else catch it. Caught it and closed half at 10 pips. Let it run for the rest at breakeven. Got stopped out since the bastard broker slippage when I entered. Didn't have a PO just was watching. Forgot to say this is a chart of EU M30
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
Lots and lots of news this morning and all with significance. Look at the GU if you want to see a 160 pip move in minutes. Everybody trade safe with stop losses tight.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 6, 2011
Just woke up this morning to see some nice trades. I missed all of them but I feel very confident that I marked all the zones correctly. All of them. I also was watching and marked a swap level correctly. I attached the chart. You can see where the ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 5, 2011
Ok I see KL. Thanks I understand now and appreciate the help.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 5, 2011
So what you are meaning is like zones within zones? Sorry for the dumb question just making sure I am on your page. I feel bad enough asking you all these questions taking time from your trading.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 5, 2011
Thanks bro. I see it now. It was kinda the same with the chart I posted asking KL how he deals with the area I highlighted in blue. What you have is perfect because the zone I HAD marked reacted to the demand level you have highlighted. I moved my ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 5, 2011
Ah ok. I see now. Also see why the other is not a good base and thanks for showing me that. What I did was seen it on the M30. Then when I switched back to H1 its not an area at all. So thanks so much for clearing that up.
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 5, 2011
KL here is the question I have. I am posting the EU H1 and EU M30. The area highlighted in the blue looking color is my concern. This area confuses me. I am not sure if I should mark these areas and if I do they will be so close to each other ...
B.S. Trading with Kenneth Lee
- nawlins51 replied Oct 5, 2011
Such good advice KL. I do get hesitant when my levels get blown through and it does play with you. Your asking yourself if I am doing this correctly. And when I have my hard earned money on the line its why I sometimes hesitate. This is the hardest ...
B.S. Trading with Kenneth Lee